CYL drilling results, page-28

ASX ANNOUNCEMENT 25 JANUARY 2018
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CATALYST MAKES NEW EXPLORATION LICENCE APPLICATION: DRILLING UPDATE ON WHITELAW GOLD BELT
New EL application of 730 square kilometres on prospective new fault trend
RC and diamond drilling continues at Tandarra Gold Project with results expected in March 2018 Gravity data interpretation provides regional targets at Tandarra Gold Project
Air core drilling in progress at Macorna Bore (Catalyst 100%)
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Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased to advise that following an interpretation of regional geophysical data, it has made an application for an exploration licence over a large area (730 square kilometres) to the west of the Whitelaw Gold Belt. The EL application (EL006670) covers the interpreted position of the Muckleford and two other regional faults that are parallel to and west of the Whitelaw and Sebastian Faults that control gold mineralisation at Bendigo, Tandarra, Sebastian and Four Eagles (Figure 1). The targeted faults are north of the Inglewood gold mine and may also have some relationship to gold mineralisation that occurs further south at Creswick and Ballarat. The Company will use the same exploration methodology that has been successful in exploration along the Whitelaw Gold Corridor.
This new tenement will add to the extensive land holdings of the Company which now manages the entire Whitelaw Gold Belt and has interests in nine Exploration Licences which extend for 75 kilometres along the Whitelaw and Tandarra Faults north of Bendigo in Victoria. The location of exploration projects along the Whitelaw Gold Belt are shown on Figure 1. The Company also holds a large exploration licence application at Drummartin (EL6507) which covers two prospective regional faults to the north of the Fosterville Gold Mine where Kirkland Lake Gold Limited (KLG) made spectacular high- grade gold discoveries in 2017.
TANDARRA GOLD PROJECT (EL4897) (CATALYST EARNING 51% FROM NAVARRE MINERALS LIMITED)
The Tandarra Gold Project is comprised of Exploration Licence 4897, which is owned by Navarre Minerals Limited (Navarre) (ASX: NML). Under a farm-in arrangement with Navarre, Catalyst is earning a 51% equity interest in Exploration Licence 4897 by spending $3 million on exploration over a four-year period.
DIAMOND DRILLING: TOMORROW ZONE
Diamond drilling has recently resumed at the Tomorrow Gold prospect after a break over the Christmas period. The objective of the programme is to test for plunge extensions and repetitions of the high- grade gold mineralisation intersected in the top 100 metres. Most of the previous drilling at the Tomorrow Zone has been limited to the top 100 metres and has shown a zone of shallow gold mineralisation which extends over 800 metres. A common feature in the gold deposits in Victoria is the stacking of gold zones associated with west dipping faults and the anticlinal axis.
44 Kings Park Road, West Perth WA 6005 Telephone: (61-8) 6263 4423 www.catalystmetals.com.au
PO Box 778, Claremont WA 6910 Facsimile: (61-8) 9284 5426
ABN 54 118 912 495